For three days now I've been trying to get my t-accounts andtrial balance to equal to each other but it seems like no matterwhat I do, I can't seem to get the t-accounts to equal to the trialbalance. Can anyone help me? Below is the problem.
During the first month of operations (April 20X1), MusicServices Corporation completed the following selectedtransactions:
a. The bus. received cash of $25,000 and a building valued at$50,000. The corporation issued common stock to thestockholders.
b. Borrowed $50,000 from the bank; signed a notepayable.
c. Paid $60,000 for music equipment.
d. Purchased supplies on accont, $1,000.
e. Paid employees' salaries, $1,300.
f. Received $500 for service performed for customers.
g. Performed service for customers on account,$1,800.
h. Paid $600 of the account payable created in Transactiond.
i. Received a $500 bill for utility expense that will be paidin the near future.
j. Received cah on account, $1,100.
k. Paid the following cash expenses: (1) rent, $1,000; (2)advertising, $800.
Record the foregoing transactions directly in the T-accounts(using the letters to identify the transactions) and prepare thetrial balance of Music Services Corp. at April 30, 20X1.